Conduct and Ethics
CIPFA's evidence has shown that at some point in their career the majority of accountants will come under some form of ethical pressure. A changed political and financial culture means that professionals are more in the line of fire than ever before. Professionals can be useful scapegoats for politicians when things go wrong.
A new edition of the International Ethical Standards Board of Accountants Code was released in April 2018. The new code reinforces the five fundamental principles of ethical behaviour: integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. This most recent update of the code was approved for adoption with effect from 1 November 2018 by council, and has become CIPFA's Standard of Professional Practice on Ethics.
This means that CIPFA is the first professional accountancy body in the UK to adopt the new code. CIPFA has demonstrated its leadership and support to members by also publishing revised materials and a suite of ethical case studies. The case studies were gathered over two days from finance professionals at CIPFA’s annual conference.
CIPFA recently conducted an ethics survey. You can read analysis by Public Finance and Don Peebles, CIPFA's Head of Policy and Technical.
About this page
On this page, members of the public and institute members and students will find the ethical and technical standards which apply to members and students.
If you believe that a member or student may have failed to properly uphold these standards then you can use the complaint form to bring the matter to the attention of the Institute’s Disciplinary Scheme. The scheme provides a process for complaints to be considered by independent regulatory committees and for disciplinary hearings to be held and sanctions imposed.
Details of the duty imposed on members and students to co-operate with the scheme, details of forthcoming hearings, past decisions and the role of the FRC accountancy scheme in regulating matters that affect the public interest also appear in this section.